Pzena Investment Management, Inc. Announces September 30, 2019 Assets Under Management
October 07 2019 - 4:15PM
Pzena Investment Management, Inc. (NYSE: PZN) today reported its
preliminary assets under management as of September 30, 2019.
AUM for month-end September 2019, month-end August 2019, and
month-end September 2018 are listed below:
Pzena Investment Management, Inc.Assets Under
Management1($ billions)
|
|
As of |
|
|
As of |
|
|
As of |
|
|
September 30, 2019 |
|
|
August 31, 20192 |
|
|
September 30, 2018 |
|
Account Type |
|
|
|
|
|
|
|
|
|
|
| Separately Managed Accounts |
$ |
13.7 |
|
|
$ |
13.1 |
|
|
$ |
14.6 |
| Sub-Advised Accounts |
|
19.8 |
|
|
|
19.1 |
|
|
|
22.2 |
| Pzena Funds |
|
2.3 |
|
|
|
2.2 |
|
|
|
2.1 |
|
Total |
$ |
35.8 |
|
|
$ |
34.4 |
|
|
$ |
38.9 |
| Investment Strategy |
|
|
|
|
|
|
|
|
|
|
| U.S. Value Strategies |
|
|
|
|
|
|
|
|
|
|
|
Large Cap Value |
$ |
9.4 |
|
|
$ |
9.2 |
|
|
$ |
10.8 |
|
Mid Cap Value |
|
2.6 |
|
|
|
2.5 |
|
|
|
2.9 |
|
Small Cap Value |
|
1.3 |
|
|
|
1.2 |
|
|
|
1.6 |
|
Value |
|
0.9 |
|
|
|
0.9 |
|
|
|
2.2 |
|
Other U.S. Strategies |
|
0.2 |
|
|
|
0.2 |
|
|
|
0.2 |
|
Total U.S. Value Strategies |
|
14.4 |
|
|
|
14.0 |
|
|
|
17.7 |
| Global & Non-U.S. Value
Strategies |
|
|
|
|
|
|
|
|
|
|
|
Global Value |
|
7.7 |
|
|
|
7.3 |
|
|
|
6.6 |
|
International Value |
|
6.2 |
|
|
|
5.9 |
|
|
|
6.7 |
|
Emerging Markets Value |
|
4.5 |
|
|
|
4.4 |
|
|
|
4.1 |
|
European Value |
|
2.6 |
|
|
|
2.4 |
|
|
|
3.5 |
|
Other Global & Non-U.S. Value Strategies |
|
0.4 |
|
|
|
0.4 |
|
|
|
0.3 |
|
Total Global & Non-U.S. Value Strategies |
|
21.4 |
|
|
|
20.4 |
|
|
|
21.2 |
|
Total |
$ |
35.8 |
|
|
$ |
34.4 |
|
|
$ |
38.9 |
| Account Domicile |
|
|
|
|
|
|
|
|
|
|
| U.S. |
$ |
23.6 |
|
|
$ |
22.7 |
|
|
$ |
26.7 |
| Non-U.S. |
|
12.2 |
|
|
|
11.7 |
|
|
|
12.2 |
|
Total |
$ |
35.8 |
|
|
$ |
34.4 |
|
|
$ |
38.9 |
|
|
|
|
|
|
|
|
|
|
|
|
1 Numbers may be subject to rounding.2 Adjusted
from the preliminary assets under management amount of $34.3
billion reported on September 9, 2019.
About PzenaPzena Investment Management, LLC,
the firm's operating company, is a value-oriented investment
management firm. Founded in 1995, Pzena Investment Management
has built a diverse, global client base. More firm and stock
information is posted at www.pzena.com.
Forward-Looking StatementsThis press release
may contain, in addition to historical information, forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. Forward-looking statements provide the
Company’s current views, expectations, or forecasts of future
events and performance, and include statements about our
expectations, beliefs, plans, objectives, intentions, assumptions
and other statements that are not historical facts. Words or
phrases such as “anticipate,” “believe,” “continue,” “ongoing,”
“estimate,” “expect,” “intend,” “may,” “plan,” “potential,”
“predict,” “project” or similar words or phrases, or the negatives
of those words or phrases, may identify forward-looking statements,
but the absence of these words does not necessarily mean that a
statement is not forward-looking.
Among the factors that could cause actual results to differ from
those expressed or implied by a forward-looking statement are those
described in the sections entitled “Risk Factors” and “Management's
Discussion and Analysis of Financial Condition and Results of
Operations” in the Company's Annual Report on Form 10-K, as filed
with the SEC on March 8, 2019 and in the Company's Quarterly
Reports on Form 10-Q as filed with the SEC. In light of these
risks, uncertainties, assumptions, and factors, actual results
could differ materially from those expressed or implied in the
forward-looking statements. You are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date stated, or if no date is stated, as of the date of this
release.
The Company is not under any obligation and does not intend to
make publicly available any update or other revisions to any
forward-looking statements to reflect circumstances existing after
the date of this release or to reflect the occurrence of future
events even if experience or future events make it clear that any
expected results expressed or implied by those forward-looking
statements will not be realized.
Contact: Gary Bachman, 212-355-1600 or bachman@pzena.com.
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